Answer:
The main distinction between globalisation and regional integration, however, is that policy convergence is generally un-negotiated in the context of globalisation whereas it is negotiated and institutionalised in the context of deep regional integration.
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the term assumptive worlds is used to refer to the idea that people live and function on certain beliefs about reality.
Answer:
A. the difference between the lowest price a firm would have been willing to accept and the price it actually receives.
Explanation:
Producer surplus is the measure of the welfare of the producer.
producer surplus is defined as the difference between the lowest price the company or a firm is willing to accept and the price that is received by the firm actually.
It is also shown by the graph of Price v/s Quantity. The area of this graph represents the Producer Surplus.
Answer: D) Monopolistic competition
Explanation: Monopolist competition is the competition in the marketing field by selling the products which are different from each other on basis of certain parameters such as brand.
According to the situation mentioned in the question ,presence of 12 airlines for opting are huge amount where airplane is viewed from product point of view and thus, it will create a imperfect competition.
Other options are incorrect because perfect competition is raised by the perfect market of products, monopoly is the situation with no competition and oligopoly is the competition with limited number of seller and their products.Thus, the correct option is option (D).
<span>George Orwell’s novel of 1984 uses language as medium similar to a weapon. He believes that words are powerful and that it can be used to conceal the truth and mislead the people easily. He uses words to backlash this corruption, into a language of peace and unity in politics and in the people.</span>
